$300,000

231 N Main Street, Urbana OH, 43078

Price per sqft$83.99

Built in1900

Property size3,572 sqft

Property typeCommercial

Overview

Active

Listed Jan 16, 2026

Updated Mar 7

Turn-key, income-producing mixed-use property offering strong cash flow and a solid 9.0% cap rate. This fully leased two-unit building features a street-level commercial storefront paired with a second-floor residential apartment, making it an ideal opportunity for investors seeking stable, diversified income. The commercial space is currently leased at $1,200 per month, while the upper-level apartment generates $1,450 per month, for a total gross annual income of $31,800. With modest operating expenses and an annual NOI of $27,084, this property delivers reliable performance from day one. Both units are occupied under existing leases, providing immediate cash flow and minimizing vacancy risk. The highly visible Main Street location enhances long-term desirability for the commercial tenant while maintaining strong rental demand for the residential unit above. Whether you are expanding your portfolio, seeking a hands-off investment, or targeting a stabilized asset with upside potential, this property represents a compelling opportunity at an attractive price point. Offered at $300,000 — invest with confidence in a fully leased, mixed-use asset with proven returns.

Additional information

MLS^® ID: 1043352

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.04 Acres

Other Property Details

Municipality: Urbana

Listed by John Crain with Howard Hanna Real Estate Services

Based on information from the Western Regional Information Systems and Technology, Inc. as of 3/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/7/2026 at 9:41 PM UTC Last Checked: 9:41 PM UTC